Small-Cap Stocks for the Long Run

As talk swirls about debt across the globe, Ford B. Draper and his small research team aren't agonizing about the big picture. Instead they are focused on talking to the customers, competitors and suppliers of small growth companies to find more undervalued ideas for all-weather portfolios.

Founded by Draper in 1982, Kalmar Investments of Wilmington, Del., manages $4.6 billion, mostly in separate accounts. Draper also co-manages the Kalmar "Growth-with-Value" Small Cap Fund (ticker: KGSCX), which is up 11.7% so...